Global Smart Connected Washing Machine Market to grow at a CAGR of 7.68% during the period 2016 - 2020; Finds New Report

Report forecast the Global Smart Connected Washing Machine Market to grow at a CAGR of 7.68% during the period 2016-2020.

Presently, the concept of smart connected washing machines is more of a value proposition from the technology and manufacturers' perspective. However, from the consumers' perspective, it is still to find applicability. Therefore, at this point, connectivity in a smart washing machine is more of a feature addition and not a technology that has high consumer demand. While one set of consumer finds operating it more complex, another set of consumers do not seek information overload. As such, smart connected washing machines are largely being used by early technology adopters during this growth phase of smart home appliances.

The report covers the present scenario and the growth prospects of the Global Smart Connected Washing Machine Market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of smart connected washing machines (that come as only washer units or as washer and dryer combined into one unit) to the residential consumer segment.

The market is divided into the following segments based on geography:

• Americas
• APAC and MEA
• Europe

According to the report, a key driver which will positively impact market growth is the increased use of wireless connecting devices and Internet of Things (IoT). The use of and dependence on devices that can be controlled remotely through wireless connection is increasing globally — a factor that is one of the key drivers for the market. Connectivity has become a necessity in today's day-to-day life, especially because it allows consumers to control essential tasks remotely. Wireless technologies are making interoperability between devices possible. Near field communication is used in a large number of smart washing machines to establish a connection between the washing machine and a smartphone to share data and allow users to operate the washing machine remotely.

Further, the report states that one challenge that could restrict market growth is the high cost of smart connected washing machines.

Global Smart Connected Washing Machine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Smart Connected Washing Machine Market: Whirlpool, LG Electronics, Robert Bosch, Samsung, and GE Appliances.

Market driver

• Increased use of wireless connecting devices and the Internet of Things (IoT)
• For a full, detailed list, view our report

Market challenge

• High cost
• For a full, detailed list, view our report

Market trend

• Rapid technological advancement
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 76 pages and 52 Exhibit “Global Smart Connected Washing Machine Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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